https://www.taxtmi.com/caselaws?id=195465 The court ruled in favor of the petitioner, declaring the notice issued under Section 148 and the subsequent reassessment proceedings as invalid and lacking jurisdiction. The court emphasized the importance of disclosing all material facts necessary for assessment and highlighted that reassessment cannot be based on a mere change of opinion. Additionally, the court nullified the final assessment order and notice of demand issued in violation of an interim order, underscoring the consequences of breaching court orders. The writ petition was allowed, with a caution to the petitioner regarding future proceedings. en-us Sat, 20 Aug 2011 00:00:00 +0530 Tue, 31 Oct 2017 17:54:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195465 The court ruled in favor of the petitioner, declaring the notice issued under Section 148 and the subsequent reassessment proceedings as invalid and lacking jurisdiction. The court emphasized the importance of disclosing all material facts necessary for assessment and highlighted that reassessment cannot be based on a mere change of opinion. Additionally, the court nullified the final assessment order and notice of demand issued in violation of an interim order, underscoring the consequences of breaching court orders. The writ petition was allowed, with a caution to the petitioner regarding future proceedings. Case-Laws Income Tax Sat, 20 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195465